$4,619 Closing Credit*
$389,000
2,148 SqFt
3 Beds
•2 Full Baths
Don Bonner, Listing Office: ARC Realty Cahaba Heights
Is 35242, AL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, 35242 was a Neutral Market.
Key Takeaway
35242 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 35242, AL
How much do homes in 35242, AL cost?
Median Sold Price
$500,000
$190/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
-$19,950(-3.8%)
Key Takeaway
Homes in 35242 have sold for 3.8% less than they did a month ago.
Summary: The median home sold price in 35242 was $500,000 in November 2024, down 3.8% from last month, and the median price per square foot was $190.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $140.5K | $152.5K | +8.5% |
| 2 Bedrooms | $269K | $279.9K | +4.1% |
| 3 Bedrooms | $438.2K | $422.9K | -3.5% |
| 4 Bedrooms | $563.5K | $525.7K | -6.7% |
| 5+ Bedrooms | $1.0M | $990K | -3.9% |
Summary: 35242 housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes increased by 8.5%, 2 bedroom homes increased by 4.1%, 3 bedroom homes decreased by 3.5%, 4 bedroom homes decreased by 6.7%, and 5+ bedroom homes decreased by 3.9%.
Housing Supply in 35242, AL
How many homes are available in 35242, AL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 249 | 263 | +5.6% |
Summary: The 35242 real estate market had 263 homes for sale in November 2024, a 5.6% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 7 | 7 | 0.0% |
| 2 Bedrooms | 15 | 17 | +13.3% |
| 3 Bedrooms | 76 | 76 | 0.0% |
| 4 Bedrooms | 88 | 98 | +11.4% |
| 5+ Bedrooms | 63 | 65 | +3.2% |
Summary: The 35242 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 13.3%, 3 bedroom homes remained the same, 4 bedroom homes increased by 11.4%, and 5+ bedroom homes increased by 3.2%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 40 | 66 | +65.0% |
Asking Price vs. Sold Price
40 Homes Were Sold
Under Asking
15 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 35242, you may be able to get a good deal. 60.6% of homes here sold below asking price last month.
Summary: A total of 66 homes were sold or pending in 35242 in November 2024, up by 65.0% month-over-month. Of the 66 sold homes, 61% were sold under asking, 23% were sold at asking, and 17% were sold over asking.
Days on Market for 35242, AL
How long does it take to sell a home in 35242, AL?
Average Sale Time
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 38 Days | 37 Days | -2.7% |
Summary: Homes in 35242 had an average of 37 days on market in Nov 2024, down by 2.7% compared to last month.
Breakdown of Home Sale Times
39 Homes Were Sold
Under 30 Days
18 Homes Were Sold
In 30 - 90 Days
9 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 35242 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 66 homes were sold in 35242; 59% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
Listing Information Copyright 2024 Multiple Listing Service, Inc. of Montgomery Area Association of REALTORS®, Inc. All rights reserved. Information herein is believed to be accurate and timely, but no warranty as such is expressed or implied. The information being provided is for consumers personal, non-commercial use and will not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data relating to real estate for sale on this web site comes in part from the IDX Program of the Multiple Listing Service, Inc. of Montgomery Area Association of REALTORS® Inc. Real estate listings held by brokerage firms other than this broker are governed by MLS Rules and Regulations and detailed information about them includes the name of the listing companies. 